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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (1812)6/11/2006 7:20:40 PM
From: bobbyfullerfore  Read Replies (1) of 50106
 
Some of the problem these days are baby boomers without a solid foundation of financial planning. A variety of reasons...divorce, health issues, children, lost jobs, on and on including stupidity of those who never planned anything more than their next trip to the adult toy store for boats, cars, etc and those keeping up with the Jones'...the lightbulb is going off and in their fear they plunge into investments and get slaughtered. It's always been the case but there are just more of them today.Everybody now expects 25-50% returns on their money and the more they make the more they let ride. They think that's normal...Ole Warren with his pencil and calulator and his single digit return thought...well you know what I mean....doesn't mean huge returns aren't out there...just means that after a certain gain one should ask themselves "Now what's the risk?" as the esculator climbs....
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